Pensions
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🧱 A Lego-Style Guide to Pensions for Freelancers & Business Owners
To encourage pension savings, tax relief is available on contributions made to registered pension schemes.
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Why Would You Ever Pay Extra National Insurance?
Why would you ever pay extra National Insurance? For many self-employed individuals, the answer lies in securing a full State Pension. With recent changes to National Insurance contributions (NICs) and the State Pension system, understanding how to maximise your entitlements is more crucial than ever.
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Time running short to use your 2024/25 personal allowance
If you do not use your 2024/25 personal allowance by the end of the tax year, you will lose it.
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Let's Have a Butcher's at Your State Pension!
Don't assume your state pension is fully topped up even if you have been employed or self-employed.
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Making the Most of Your Limited Company: Perks and Tax Efficiency for Solopreneurs and Small Businesses
Running a limited company, whether as a freelancer, solopreneur, or with a small family team, offers flexibility and tax advantages. Here's how you can optimise your finances:
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Family Business? Taking Money Out: A Simplified Guide
Running a family business is a team effort, you're the heart and soul of the operation. But when it comes to paying yourself, things can get confusing faster than a toddler with a box of crayons.
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Lost Years, Lost Credit: Why Registering for Child Benefit Matters
A recent scandal has revealed a hidden pitfall for parents who choose not to claim child benefit: potential loss of state pension credit in retirement.
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ISA vs Pension: Navigating the Savings Maze for Freelancers and the Self-Employed
A comprehensive guide to navigating the ISA vs pension debate for freelancers and the self-employed. Remember, knowledge is power, and informed financial decisions can lead to a secure and fulfilling future.
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Planning for the Future: A Guide to Retirement for Freelancers and the Self-Employed
A Self-Invested Personal Pension (SIPP) is a type of personal pension that gives you a wide range of investment choices.
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Plan your retirement income with the UK government's online tool
Retirement is a time when many people look forward to relaxing and enjoying their golden years.